The women are thankful for the Paraguaya Foundation because thanks to previous loans and regular trainings they have received they have learned to save money, grow their businesses, and provide for their families.
Mrs. Juana is the treasurer of the committee. She is an energetic woman and she always looks for ways to encourage her fellow members to work hard. She owns a farm where she raises a variety of animals and grows vegetables. She lives with her son who helps her with the farm. She applied for a loan to purchase agricultural supplies like fertilizer, seeds, and pesticides because there has been an increased demand for vegetables and she hopes to provide enough produce for her clients. The committee has been working with the foundation for between three and four years.
Las señoras están muy agradecidas con la Fundación Paraguaya, porque gracias al crédito de etapas anteriores y a las constantes capacitaciones que reciben, aprendieron a ahorrar, pueden hacer crecer su negocio, y logran ayudar al sustento de sus familias.
La Sra. Juana es la tesorera del comité, es una mujer muy activa, siempre busca la forma de incentivar a sus compañeras a trabajar y salir adelante, ella posee una granja donde cría todo tipo de animales, y planta todo tipo de hortalizas. Vive con su hijo quien le ayuda en su trabajo.
Hoy día solicita el crédito para poder comprar insumos para el area de la agricultura especialmente, como fertilizantes, semillas, fumigadoras, etc., pues han aumentado las demandas de hortalizas y desea poder proveer de dichos vegetales a los clientes.
El comité ya está trabajando con la fundación hace aproximadamente 3 a 4 años.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid